The interest accrued on a bonds payable is $20,000 as of Dec. 31st and the bond payable is $500,000.
Interest Expense .. 20,000
Accumulated Interest payable . 20,000
Is this correct?
|
The interest accrued on a bonds payable is $20,000 as of Dec. 31st and the bond payable is $500,000.
Interest Expense .. 20,000
Accumulated Interest payable . 20,000
Is this correct?
Yeah.
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